The word "statutory" means legal or pertaining to law and the word "compliance" means fulfilling the obligations stipulated by various employment laws for the employer.
Now I must say that a plethora of labour laws exist stipulating and regulating service conditions, employee relations and welfare of employees. So it is not possible to discuss in detail the compliances under each Act. However, I may say that statutory compliances fall broadly under four categories.1) Those that have welfare aspect but contributory in nature like PF,ESI,Labour Welfare Fund Acts etc 2) Those that have financial implications for the employer like Bonus Act,Gratuity Act,Employee Compensation Act, Maternity Benefit Act & Industrial Disputes Act ( retrenchment or lay off compensations etc),BOCW 3) Those that are regulatory in nature like Shops Act, Contract Labour Act ,Factories Act(licenses etc),BOCW Act, Minimum Wages Act.4) Records and registers maintenance under these Acts
You need to go through these Acts to grasp the compliances under each of them.
B.Saikumar
HR & Labour Relations